Analyst Ryan Koontz of Needham maintained a Buy rating on Gilat (GILT – Research Report), retaining the price target of $8.50.
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Ryan Koontz has given his Buy rating due to a combination of factors that suggest a promising outlook for Gilat. The company reported a significant increase in total revenue for the first quarter of 2025, showing a 21% year-over-year growth, despite some setbacks. This growth was partly fueled by the recent acquisition of Stellar Blu, which contributed $25 million to the revenue and is expected to meet its fiscal year 2025 targets as supply chain issues are addressed.
Furthermore, Gilat has reiterated its revenue guidance for fiscal year 2025, projecting a substantial growth of 35% to 50%, with a significant contribution from Stellar Blu. This guidance indicates a strong second half of the year, particularly in the Commercial and Peru segments. These factors, combined with the resolution of supply chain concerns, underpin Koontz’s confidence in the company’s future performance, justifying the Buy rating and a price target of $8.50.
Koontz covers the Technology sector, focusing on stocks such as Adtran, Calix, and Clearfield. According to TipRanks, Koontz has an average return of -2.8% and a 43.56% success rate on recommended stocks.